MANILA, Philippines – A Bloomberg survey of economists shows the Philippines will be the second fastest-growing economy in the world this year, second only to China.
Bloomberg’s survey says the Philippines and China will be the only two economies out of 57 included in the report that will grow 6 percent or more this year.
The report is based on average economists’ estimates.
Various analysts have said the Philippines is one of the biggest beneficiaries in the world from lower oil prices.
“The world is expected to grow 3.2 percent in 2015 and 3.7 percent next year after expanding 3.3 percent in each of the past two years, according to a Bloomberg survey of economists. China, the Philippines, Kenya, India and Indonesia, which together make up about 16 percent of global gross domestic product, are all forecast to grow more than 5 percent in 2015,” Bloomberg said.
Malaysia, an oil producer that is being hit by lower oil prices, will see growth slow from 6 percent to less than 5 percent.
Also in the top 5 are Kenya and Nigeria. Many economists are pointing to Africa as the next fast-growth region after Asia. – ANC
June 2025
Philippine Environment Month!
“Action for Nature, for the Future!”
Invoke Article 33 of the ILO Constitution
against the military junta in Myanmar
to carry out the 2021 ILO Commission of Inquiry recommendations
against serious violations of
Forced Labour and Freedom of Association protocols.
Accept National Unity Government (NUG)
of Myanmar. Reject Military!
#WearMask #WashHands #Distancing #TakePicturesVideosturesVideos
Monthly Observances:
1 Jun – World Day of Parents
5 Jun – World Environment Day
7 Jun – World Food Safety Day
8 Jun – World Oceans Day
12 Jun – World Day Against
Child Labour
15 Jun – World Elder Abuse Awareness Day
16 Jun – International Day of Family Remittances
17 Jun – World Day to Combat Desertification and Drought
20 Jun – World Refugee Day
25 Jun – Day of the Seafarer
27 Jun – Micro-, Small and Medium-sized Enterprises Day
Daily Observances:
First Saturday of July:
International Cooperative Day
in the Philippines
